Million-dollar jobs, travel perks and racy parties vanish as China’s research pullback sends chills through banks and brokers
The cutbacks, described by people familiar with the matter, come as a prolonged market slump cuts trading commissions and authorities tighten limits around what research analysts are allowed to publish. It’s a sharp turnaround from a few years ago, when securities firms aggressively hired and offered compensation of 10 million yuan (US$1.4 million) or more … Read more
